The team of Bill Barrack, Ted Wheatley, and Tom O’Regan took top honors at last night’s 2014 CBA Awards for their lease of 169,606 sf with Sonos at Lafayette City Center. Roger Breslin represented the tenant. The transaction was instrumental in changing the Downtown Crossing landscape.
Instead of expanding in Kendall Square, Sonos saw LCC as the best place to grow in a resurgent market where tech companies are joining new retail shops, restaurants, and upscale residential. Sonos Vice President Andrew Schulert said “Once we saw Lafayette, it was clear to me that it was the best place for us.”
Sonos will be occupying two floors in the six-story building with an option to expand. Their move is slated for August of this year.
According to Bill Barrack: “This transaction was one of the most significant and exciting to hit Boston. It validated the re-development of Downtown Crossing as a high energy, dynamic environment.”
LCC owner The Abbey Group finished a $5 million rebirth of LCC last year, giving the office and retail building a new lobby and facade.
Over 450 real estate professionals attended the Achievement Awards event which has been described at the Oscars of Boston real estate. Hats off to all of our award recipients and nominees in every category. Here is a list of all winners and nominees.